COMBRU
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 25-09-2023, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
36 d early
2022
33 d early
2021
38 d early
2020
33 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 34 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€543,462▲ 14.8%
2022 · €473,396
EBIT margin
5.6%▼ 1.2pp
2022 · 6.8%
Net result
€21,263▼ 7.9%
2022 · €23,093
Working capital
€146,039▲ 17.1%
2022 · €124,668
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€532,025-€504,650▼ 5.1%€462,679▼ 8.3%€473,396▲ 2.3%€543,462▲ 14.8%
Operating result€40,175-€36,178▼ 9.9%€30,220▼ 16.5%€32,368▲ 7.1%€30,430▼ 6.0%
Net result€28,022-€24,459▼ 12.7%€20,501▼ 16.2%€23,093▲ 12.6%€21,263▼ 7.9%
EBIT margin7.6%-7.2%▼ 0.4pp6.5%▼ 0.6pp6.8%▲ 0.3pp5.6%▼ 1.2pp
Equity€356,519-€380,978▲ 6.9%€401,479▲ 5.4%€124,573▼ 69.0%€145,836▲ 17.1%
Total assets€461,534-€497,429▲ 7.8%€500,360▲ 0.6%€232,922▼ 53.4%€231,632▼ 0.6%
Debt€105,015-€116,452▲ 10.9%€98,881▼ 15.1%€108,349▲ 9.6%€85,796▼ 20.8%
Working capital€356,608-€381,259▲ 6.9%€401,820▲ 5.4%€124,668▼ 69.0%€146,039▲ 17.1%
Staff (FTE)12.8-13.2▲ 3.1%13.6▲ 3.0%14.6▲ 7.4%14.4▼ 1.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 6% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €231,632
Equity
€145,836 ▲ 17.1%
Debt
€85,796 ▼ 20.8%
Debt's share of the balance-sheet total falls from 46.5% to 37.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.71▲
2022 · 2.15
Debt to equity
0.59▼
2022 · 0.87
ROE
14.6%▼
2022 · 18.5%
ROA
9.2%▼
2022 · 9.9%
Debt ≤ 1 year
€85,593▼
2022 · €108,254
Income taxes
€9,789▲
2022 · €9,529
Staff costs
€452,778▲
2022 · €439,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €529,659 | €602,266 | ▲ 13.7% |
| Turnover70 | €532,025 | €504,650 | €462,679 | €473,396 | €543,462 | ▲ 14.8% |
| Other operating income74 | - | - | - | €56,263 | €58,804 | ▲ 4.5% |
| Operating charges60/66A | - | - | - | €497,291 | €571,835 | ▲ 15.0% |
| Services and other goods61 | - | - | - | €58,090 | €118,186 | ▲ 103% |
| Remuneration, social security and pensions62 | - | - | - | €439,098 | €452,778 | ▲ 3.1% |
| Other operating charges640/8 | - | - | - | €103 | €103 | = |
| Non-recurring operating charges66A | - | - | - | €0 | €769 | ▲ 7,685,600% |
| Operating profit (loss)9901 | €40,175 | €36,178 | €30,220 | €32,368 | €30,430 | ▼ 6.0% |
| Financial income75/76B | - | - | - | €406 | €961 | ▲ 137% |
| Recurring financial income75 | €377 | €377 | €375 | €406 | €961 | ▲ 137% |
| Income from current assets751 | - | - | - | €406 | €961 | ▲ 137% |
| Financial charges65/66B | - | - | - | €151 | €339 | ▲ 124% |
| Recurring financial charges65 | €145 | €242 | €147 | €151 | €339 | ▲ 124% |
| Debt charges650 | - | - | €5 | €1 | €0 | ▼ 76.9% |
| Other financial charges652/9 | - | - | - | €151 | €339 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | €40,407 | €36,313 | €30,448 | €32,623 | €31,053 | ▼ 4.8% |
| Income taxes67/77 | €12,385 | €11,854 | €9,947 | €9,529 | €9,789 | ▲ 2.7% |
| Taxes670/3 | - | - | - | €9,785 | €9,789 | = |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €255 | - | - |
| Profit (loss) for the period9904 | €28,022 | €24,459 | €20,501 | €23,093 | €21,263 | ▼ 7.9% |
| Profit (loss) for the period to be appropriated9905 | €28,022 | €24,459 | €20,501 | €23,093 | €21,263 | ▼ 7.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €461,534 | €497,429 | €500,360 | €232,922 | €231,632 | ▼ 0.6% |
| Current assets29/58 | €461,534 | €497,429 | €500,360 | €232,922 | €231,632 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €44,953 | €91,812 | €93,299 | €107,679 | €49,769 | ▼ 53.8% |
| Trade receivables40 | - | - | - | €107,383 | €49,294 | ▼ 54.1% |
| Other amounts receivable41 | - | - | - | €296 | €475 | ▲ 60.4% |
| Cash at bank and in hand54/58 | €409,875 | €403,919 | €399,649 | €124,166 | €179,989 | ▲ 45.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,077 | €1,874 | ▲ 73.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €461,534 | €497,429 | €500,360 | €232,922 | €231,632 | ▼ 0.6% |
| Equity10/15 | €356,519 | €380,978 | €401,479 | €124,573 | €145,836 | ▲ 17.1% |
| Contributions10/11 | €61,514 | €61,514 | €61,514 | €61,514 | €61,514 | = |
| Capital10 | - | - | - | €61,514 | €61,514 | = |
| Issued capital100 | - | - | - | €61,514 | €61,514 | = |
| Reserves13 | €6,151 | €6,151 | €6,151 | €6,151 | €6,151 | = |
| Non-distributable reserves130/1 | - | - | - | €6,151 | €6,151 | = |
| Legal reserve130 | - | - | - | €6,151 | €6,151 | = |
| Profit (loss) carried forward14 | €288,853 | €313,312 | €333,814 | €56,907 | €78,170 | ▲ 37.4% |
| Amounts payable17/49 | €105,015 | €116,452 | €98,881 | €108,349 | €85,796 | ▼ 20.8% |
| Amounts payable within one year42/48 | €104,926 | €116,171 | €98,540 | €108,254 | €85,593 | ▼ 20.9% |
| Trade debts44 | €5,760 | €28,380 | €10,783 | €16,418 | €15,030 | ▼ 8.5% |
| Suppliers440/4 | - | - | - | €16,418 | €15,030 | ▼ 8.5% |
| Taxes, remuneration and social security45 | - | - | - | €91,835 | €70,563 | ▼ 23.2% |
| Taxes450/3 | - | - | - | €5,068 | €973 | ▼ 80.8% |
| Remuneration and social security454/9 | - | - | - | €86,767 | €69,590 | ▼ 19.8% |
| Accrued charges and deferred income492/3 | - | - | - | €96 | €203 | ▲ 112% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,022 | €24,459 | €20,501 | €23,093 | €21,263 | ▼ 7.9% |
| Operating cash flow (approximation) | €28,022 | €24,459 | €20,501 | €23,093 | €21,263 | ▼ 7.9% |
| Change in cash | - | -€5,955 | -€4,270 | -€275,483 | €55,823 | ▲ 120% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Weakest financial yearnet €20,501 ▼16.2%
Net result drops to €20,501, the lowest in the series.
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
22-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 0
The accounts to 31-03-2023 list no holdings, and no other source names one.
According to the annual accounts to 31-03-2023 of COMBRU and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.